Shortfalls sabotage promise of union retirees’ pensions

Shortfalls sabotage promise of union retirees’ pensions

03/28/15

Once considered sacrosanct, many retiree pensions may no longer be secure. A change in federal law passed last year with bipartisan support would allow struggling union pension funds to cut benefits for retirees younger than 75 by as much as 60 percent.

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